Dream Industrial Real Estate Investment Trust (T:DIR.UN)
Business Focus: Industrial REITs
| Sector: Real Estate | Industry: Commercial REITs |
| Company Contact | |
| Address: | 30 Adelaide St E Suite 301 TORONTO ON M5C 3H1 |
| Tel: | N/A |
| Website: | https://dream.ca/industrial |
| IR: | See website |
| Key People | ||
| Alexander Sannikov President, Chief Executive Officer | Lenis W. Quan Chief Financial Officer | |
| Business Overview |
| Dream Industrial Real Estate Investment Trust is a Canada-based open-ended real estate investment trust. The Company owns, manages and operates a portfolio of 322 assets totaling approximately 70.6 million square feet of gross leasable area in key markets across Canada, Europe and the United States. The Company owns and operates a diversified portfolio of distribution, urban logistics and light industrial properties across key markets in Canada, Europe and the United States. Across its regions, its portfolio consists of distribution, urban logistics and light industrial buildings: distribution buildings, urban logistics buildings and light industrial buildings. The Company's properties include Quayside, FORMA, Zibi, 212 King West, First Purpose Built Indigenous Hub, Brightwater, Alpine Park, Canary Landing, Canary District, The Distillery District, The Broadview Hotel, Brighton, Arapahoe Basin, Brighton Village Rentals and others. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Dream Industrial Real Estate Invest Trst revenues increased 18% to C$437.6M. Net income decreased 85% to C$104.3M. Revenues reflect Europe segment increase of 21% to C$156M, FFO per Share (Diluted) increase of 10% to C$0.98. Net income was offset by Net Operating Income (NOI)- Others decrease from -C$10.2M to -C$25.6M, Fair value adjustments to investment pro increase from C$363M (income) to C$66.7M (expense). |
| Employees: | 108 as of Dec 31, 2022 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $6,223M as of Dec 31, 2023 |
| Annual revenue (TTM): | $437.60M as of Dec 31, 2023 |
| EBITDA (TTM): | $286.78M as of Dec 31, 2023 |
| Net annual income (TTM): | $104.30M as of Dec 31, 2023 |
| Free cash flow (TTM): | $168.00M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $2,797M as of Dec 31, 2023 |
| Shares outstanding: | 287,828,749 as of Apr 11, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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